AQR Capital Management LLC Buys 1,453,376 Shares of Pinterest, Inc. (NYSE:PINS)

AQR Capital Management LLC lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 43.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,772,104 shares of the company's stock after buying an additional 1,453,376 shares during the quarter. AQR Capital Management LLC owned about 0.71% of Pinterest worth $138,391,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in Pinterest by 104.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after acquiring an additional 12,986,310 shares in the last quarter. Norges Bank purchased a new position in shares of Pinterest during the 4th quarter valued at $358,205,000. Marshall Wace LLP raised its position in shares of Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock worth $310,352,000 after buying an additional 6,129,985 shares in the last quarter. Schroder Investment Management Group boosted its stake in Pinterest by 357.5% during the fourth quarter. Schroder Investment Management Group now owns 2,719,355 shares of the company's stock valued at $79,269,000 after buying an additional 2,125,010 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Pinterest during the fourth quarter worth about $61,261,000. 88.81% of the stock is owned by institutional investors.

Insider Activity at Pinterest

In other news, CAO Andrea Acosta sold 3,667 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the sale, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the sale, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 453,836 shares of company stock worth $14,828,392 over the last 90 days. 7.11% of the stock is owned by company insiders.

Pinterest Trading Up 5.5 %

NYSE PINS traded up $1.41 on Friday, hitting $26.90. The company's stock had a trading volume of 15,610,861 shares, compared to its average volume of 10,387,485. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19. The firm has a market cap of $18.24 billion, a P/E ratio of 10.00, a PEG ratio of 1.95 and a beta of 0.99. The company's 50-day simple moving average is $29.68 and its 200 day simple moving average is $31.39.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

PINS has been the subject of a number of research analyst reports. Roth Capital set a $32.00 price target on Pinterest in a research report on Monday, February 3rd. Benchmark upgraded shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research report on Friday, February 7th. KeyCorp decreased their price target on shares of Pinterest from $41.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Barclays lifted their price objective on shares of Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Finally, Citigroup reduced their target price on Pinterest from $47.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Pinterest presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.93.

Pinterest Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.